A man walks past an electronic stock price board in Tokyo, Japan, Nov. 25, 2008. Tokyo stocks closed sharply higher Tuesday amid gains logged in major markets in Asia.

A man walks past an electronic stock price board in Tokyo, Japan, Nov. 25, 2008.

TOKYO, Nov. 25 (Xinhua) -- Tokyo stocks closed sharply higher Tuesday amid gains logged in major markets in Asia, as investors were eased by the overnight Wall Street surge following the U.S. plan to rescue embattled Citigroup Inc. and President-elect Obama's highly-expected economic policy.

The benchmark 225-issue Nikkei Stock Average gained 413.14 points, or 5.22 percent, from Friday to 8,323.93, regaining the 8,000 mark last logged on Wednesday at the closing level. Monday was a national holiday in Japan.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 28.89 points, or 3.60 percent, to 831.58. The Second Board also gained ground.

Stocks advanced across the board, led by real estate, consumer finance and insurance issues.

On the First Section, advancing issues outnumbered declining ones 1,270 to 372, with 65 others remaining unchanged.

Some export-oriented issues like Canon, which benefited from the U.S. dollar's strength relative to the yen, brokers said advanced. The dollar rose Tuesday to the 96 yen range from the around 95 yen line logged in Tokyo late Friday. Canon advanced 210yen, or nearly 8 percent, to 2,905 yen.

Top Japanese automaker Toyota Motor, which was the most heavily traded issue in value terms, advanced 50 yen, or nearly 2 percent, to 3,130 yen, on hopes over U.S. economic policies.

In comparison, Nissan Motor was down 1 yen, or 0.29 percent, to346 yen, as the automaker said Monday it will not take part in auto shows to be held in Detroit in January and Chicago in February, a move that industry watchers see as an attempt to cut down on expenses.

A notable decliner was Saizeriya which fell by its daily limit of 300 yen, or nearly 17 percent, to 1,485 yen, after the Japanese restaurant chain said Friday it would have about 14 billion yen in appraisal losses from derivatives deals as of the end of November, and it may fall into the red for the current business year if the global financial turmoil continues.

Trading volume on the main section came to 2,152.98 million shares, down from Friday's 2,489.33 million.

The TSE's Second Section index was up 26.64 points, or 1.39 percent, to 1,943.55 on a volume of 22.21 million shares. On the Osaka Securities Exchange, the near-term December Nikkei 225 index futures contract was up 390 points to 8,340.

Other major stock markets in Asia were also boosted by the gains on Wall Street and rebounded sharply on Tuesday.

The Australian stock market ended remarkably higher, with the benchmark S&P/ASX200 index soared 198.3 points or 5.79 percent to 3,623.4, while the broader All Ordinaries index jumped 186.6 points or 5.51 percent to 3,575.4.

South Korean benchmark Korea Composite Stock Price Index (KOSPI) also rose 1.36 percent, or 13.18 points to end at 983.32.

Taiwan share prices rose 2.55 percent on Tuesday with heavier turnover, with the benchmark weighted index up 105.95 points, or 2.55 percent, to close at 4,266.49.

Hong Kong stocks bounced back 420.66 points, or 3.38 percent, to close at 12,878.6.

China's benchmark Shanghai Composite Index were initially down nearly 2 percent during trading hours but were lifted by gains in neighboring markets to end at 1888.72 points on Tuesday, down 8.35points, or 0.44 percent.